Economics and Politics
Egypt hopes to finalise a $4.8 billion loan agreement with the International Monetary Fund this month.
Egypt aims to boost its foreign currency reserves to $16 billion by the end of June, the planning minister said Tuesday, offering a lower target than the government had previously announced.
Saudi Arabia’s government spending is likely to increase at a more moderate pace in coming years, Saudi finance minister Ibrahim Alassaf has said.
Lebanon’s Internet connection speeds could leap to 20 megabits per second within the next three months, the chairman of a major ISP has said.
Syria's government decided on Tuesday to issue an "exclusive" tax exemption on fuel imports from Iran until the end of June, state news agency SANA said.
Abu Dhabi’s non-oil trade fell 14 per cent in the fourth quarter of 2012, due to drop in imports.
Companies and Business
Dubai World Central, the emirate’s second airport, will open to commercial flights for the first time later this year.
National Bank of Abu Dhabi (NBAD) appointed Alex Thursby from Australia and New Zealand Banking Group as its new chief executive on Wednesday, tapping his international experience to bolster the lender’s overseas push.
Oman’s central bank has granted Islamic banks a one-year relaxation of rules on the amount of foreign assets which they can hold, to give time for Islamic financial instruments to be developed domestically.
Lebanese banks are reluctant to lend any new Cabinet more money until they see concrete efforts to reduce waste.
Nissan has announced the appointment of Samir Cherfan to the role of managing director, Nissan Middle East, with immediate effect.